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USD to KYD Exchange Value: 0.84
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
 
Government and CIREBA have joined forces to offer huge incentives to property purchasers. 

As of April 1, for 6 months, everyone who purchases property in the Cayman Islands will pay their Transfer Tax at greatly reduced rates. In addition, the CIREBA Real Estate Brokers will pass along 20% of their commission in a rebate back to the Purchaser. 

Stamp Duty rates on 7 Mile Beach and Commercial properties downtown drop from 7 1/2% to 5%, while rates for everywhere else drop from 6% to 5%. For Caymanians, the rates drop from 4% to 3% (except on 7Mile and George Town where they will be 5% for all). 

For example: 

On a US$3,000,000 condo purchase on 7 Mile Beach you save US$105,000. 

On a US$1,000,000 canal home in Governor's Harbour you save US$35,000. 

On a US$350,000 canal lot you save US$13,610. 

On a CI$50,000 lot purchase you save CI$1,500. 

These discounts apply to properties, which are already discounted. 

With stocks performing badly and interest rates so low, Real Estate in Cayman at discounted prices is a great investment option. Do not lose your hard earned savings. Invest in something that will give you a return year after year, both for your spirit as well as your wallet! 

PS: And don't forget, no Annual Property Taxes here. 

Call Coldwell Banker - 345-623-4411

USD to KYD Exchange Value: 0.84
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
 HotNez.com just released its list of the 10 Best Diving Places of the World, and 3 were in the Caribbean: Little Cayman Island, the Bahamas, and Bonaire. The photos on the post are just stunning, from the Great Barrier Reef in Australia to Galapagos to British Columbia - so we are in very elite company. 

We'll let you read their descriptions yourself, but here's the start for Little Cayman, "If you choose Little Cayman Islands as a diving destination, you must make your visit between June and August when the water temperature remains favorable and the calm sea permits maximum visibility." 

Read about all ten spots at HotNez. And plan a diving trip this summer! 

(ps - their review was echoed at many blogs, for instance, "Grand Cayman's lesser known and far less populous little sister - which has even better diving, probably.")

USD to KYD Exchange Value: 0.84
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
 
Many brokers, owners, managers, and sales associates from around the Caribbean and Atlantic Island region recently spent two days at the Coldwell Banker International Business Conference (IBC), at the Henry B. Gonzales Convention Center in San Antonio, TX. The theme of the conference was "Bullish in any market" and focused on innovative strategies to retain and grow market share in a challenging real estate environment. 

Coldwell Banker Island Affiliates Sales Associates win top sales awards for 2008: Top Agent Awards were given to realtors in Bermuda, St Kitts-Nevis, and the Bahamas. 

Curacao was welcomed into the company as an affiliate. Formerly ChowMar, NV Real Estate, is located in Willemstad. 

3 CBIA offices won Top Dollar Listings awards: Aruba, BVI, and St Maarten. "Each of these three Coldwell Banker locations are top offices on their respective islands. They were able to secure these magnificent listings because of the individual attention and superior marketing tools that these offices provide to their clients" said Coldwell Banker Island Affiliate Managing Director, Jim Reed.

USD to KYD Exchange Value: 0.84
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
 
Jim Gillespie, president and CEO of Coldwell Banker Real Estate LLC, participated in CNBC's 'Roadmap to Rebound' segment which focused on the state of the housing market, and what real estate professionals believe should happen to get the market moving again. 

To watch, click on this link to CNBC

Gillespie stated that "the government could do a lot more than they are already doing in order to get the real estate market moving again." He believes that two key changes are needed in order to get the economy moving: 
1) to set a fixed-rate mortgage. Gillespie feels that "Lowering the interest rate to 4% to 4.5% for 12 months is one way to get the inventory moving."
2) increasing the tax credit to $15,000. He feels ncluding all buyers of primary residences will help move buyers along and get the market to shift. 

Gillespie also stated that the demand side needs to be addressed. Once we start to sell the inventory currently available, prices will stabilize and then go up again, which will also help those in distressed situations. "Fifty-five percent of loan modifications have failed after six months because jobs are not being created and homeowners are losing the jobs they have,: says Gillespie. "In order to create jobs, we need to create demand, both of which will get the housing market and economy moving." 

Contact your Coldwell Banker real estate specialist to discuss your options as buyer or seller. 

(Source: RIS Media

USD to KYD Exchange Value: 0.84
USD To GBP: 0.76214
USD To CAD: 1.27998
USD To CNH: 6.3209
 
We are pleased to present two new listings in the Watercolours Resort, pre-construction offerings in what will be the finest, most luxurious condominium development on 7 Mile Beach. The highest quality construction includes marble and granite throughout, very high ceilings, custom mahogany mill work, Sub Zero and Meile appliances. The floor plans will be ultra-spacious, and a luxurious owners lounge on the ground floor will front the pool and ocean. 

Whether or not you enjoy just relaxing and watching the waves roll in, or taking your vacation up a notch and parasailing over the Caribbean sea - Seven Mile Beach has what you're looking for. With an abundance of watersports operators, hotels and beachside restaurants you will never be at a loss for what to do on Seven Mile Beach. (Source: Cayman Islands

Our new listings are Watercolours #35 and #36: both 4 bedroom/3 bath oceanfront homes of 3,600 sq ft. Asking $5,200,000. See details on the Coldwell Banker Listing page. 

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